Financial Aid

In order to remain eligible for 101: Scholarship, you must apply for other aid sources by completing a Federal Student Aid (FAFSA) application and completing the NJ specific questions for NJ Student Aid (HESAA) found in the “optional feature” on the FAFSA Confirmation Page. You must provide the Student Aid Report from FAFSA as part of your application.

Whether you receive financial aid or not, you are still eligible for 101: aid and you might still be eligible for school aid. Some of the financial aid provided by the school may be small amounts but are significant in terms of helping with expenses such as books.

Deadlines
Federal (FAFSA) for 2017-2018 06/30/2018
State (HESAA) for 2016-2017 04/15/2017
101: 06/01/2017 for new applications, 10/01/2017 for returning students

 

Free Application for Federal Student Aid Information (FAFSA)

To apply for Federal Student Aid, you will need to fill out an application form providing information about you and your financial situation. Below is a list of documents you might need to gather to be able to fill out the application form. Don’t send this documents with your application (unless the application tells you to):

  • Your Social Security number (it’s important that you enter it correctly on the FAFSA!). If you are not a US citizen, please read non US citizens eligibility
  • Your parents’ Social Security numbers if you are a dependent student
  • Your driver’s license number if you have one
  • Your Alien Registration number if you are not a U.S. citizen
  • Federal tax information* or tax returns including IRS W-2 information, for you (and your spouse, if you are married), and for your parents if you are a dependent student:
    • IRS 1040, 1040A, 1040EZ
    • Foreign tax return and/or
    • Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, or Palau
  • Records of your untaxed income, such as child support received, interest income, and veterans noneducation benefits, for you, and for your parents if you are a dependent student
  • Information on cash; savings and checking account balances; investments, including stocks and bonds and real estate but not including the home in which you live; and business and farm assets for you, and for your parents if you are a dependent student

*You may be able to have your tax information imported automatically from the IRS into your FAFSA. Please read more about reporting tax information on your FAFSA.

Starting a FAFSA for the first time

Go to fafsa.gov and click on “Start A New FAFSA.” As you start your FAFSA, keep the following in mind:

  • Your name and Social Security number must match those on your Social Security card.
  • If you’re concerned about providing your personal information on the login page, choose the virtual keyboard option for additional security.
  • Near the beginning of the application, you’ll create a “save key,” which you’ll use if you start your FAFSA, save it without finishing it, then want to open it again later to finish it. (One benefit of the save key is that students and parents can use this function to pass the FAFSA back and forth if they are completing the FAFSA in separate locations.)
  • If you are applying for a summer session, contact the financial aid office at your college to find out which school year you should select when you complete your FAFSA.
  • remember your FSA id

 

Helpful Sources

 

MCCC Financial Aid Information

The student should apply both for federal aid (FAFSA) and NJ state aid (HESAA).  Once the students submit their application, they get an email confirming that they have submitted an application.

They then have to go to their MyMercer portal online. In the  bottom right corner, they will see the “Webadvisor/Self-Service Menu”.  Under Communication, they will  see any messages from FAFSA or HESAA about their need to provide more information in order to complete their form.  They should check this tab every few days to see what else they may need to submit.  Even though there is a financial aid tab, they will probably not see anything there until they are actually approved for aid.

Here is an screenshot of the MCCC portal page. Please, check this frequently.

If at some point the student receives a message that they can’t keep going because they are not citizens, they must let call 101:’s MCCC Liaison. 101: does not report this to anyone, 101: needs to know that everyone is complying with our requirements.

Below is an example of the message from FAFSA with regards to your application.


Congratulations, _______!

Your 2016-2017 FAFSA  was successfully submitted to Federal Student Aid.

Confirmation Number: _XXXXXXXXX_ 05/25/2016 23:19:36.
Data Release Number (DRN): XXXX

What Happens Next

– You will be notified when your FAFSA is processed.
– Your FAFSA information will be made available to your school(s), and they will use it to determine the aid you may be eligible to receive.
– Your school(s) will contact you if they need more information or when they are ready to discuss your financial aid award.
– If you have questions about your financial aid package, contact your school(s)

Eligibility Information

Estimated Expected Family Contribution (EFC)= XXXXXX